Platinum Industries Ltd
Price Range
₹162 - ₹171
Min. Quantity
87
Closes on
29 February 2024
Min. investment
₹14,877/1,131 Shares
Platinum Industries Ltd IPO Timeline
Platinum Industries Ltd was originally incorporated as a Limited Liability Partnership as 'Platinum Industries LLP' on August 19, 2016, vide Certificate of Incorporation issued by Central Registration Centre, Registrar of Companies. Subsequently, Company was converted into a private limited company with the name Platinum Industries Private Limited' through a certificate of incorporation dated July 09, 2020. Further, Company got converted into a public limited company. Consequently, name was changed to Platinum Industries Limited' and a fresh certificate of incorporation dated June 02, 2023 was issued by the RoC.
| Event | Date |
|---|---|
| Platinum Industries Ltd IPO Opening Date | 27 February 2024 |
| Platinum Industries Ltd IPO Closing Date | 29 February 2024 |
| Basis of Allotment | 1 March 2024 |
| Initiation of Refunds | 4 March 2024 |
| Credit of Shares to Demat | 4 March 2024 |
| Platinum Industries Ltd IPO Listing Date | 5 March 2024 |
Platinum Industries Ltd IPO Details
| Platinum Industries Ltd IPO Date | 27 February 2024 to 29 February 2024 |
| Platinum Industries Ltd IPO Face Value | ₹10 per share |
| Platinum Industries Ltd IPO Price | ₹162 to ₹171 per share |
| Platinum Industries Ltd IPO Lot Size | 87 |
| Issue Size | Shares of ₹10 (aggregating up to ₹235.32 Cr) |
| Fresh Issue | Shares of ₹10 (aggregating up to ₹235.32 Cr) |
| Offer for Sale | - |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 27,52,375 of the Net Offer |
| Retail Shares Offered | Not less than 48,16,429 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 20,64,184 of the Net Offer |
| Company Promoters | Krishna Dushyant Rana, Parul Krishna Rana |
Platinum Industries Ltd IPO Lot Size
The Platinum Industries Ltd IPO lot size is 87 shares. A retail-individual investor can apply for up to 13 lots (1,131 shares or ₹1,93,401).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 87 | ₹14,877 |
| Maximum | 13 | 1,131 | ₹1,93,401 |
- Strengths
- Risks
- Opportunities
- Consistent financial performance.
- R & D and Sustainability.
- Varied product portfolio catering to diversified industries.
- High entry barriers in the speciality chemical industry.
- Quality Products.
Company Financials
Platinum Industries Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 369.28 | 253.27 | 43.33 |
| 03-2023 | 98.21 | 234.79 | 36.20 |
| 03-2022 | 80.87 | 185.44 | 15.55 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Investment in PSEL for financing its capital expenditure requirements in relation to the setting up of the proposed facility 1
- Funding of capital expenditure requirements of the company towards setting up of the proposed facility 2
- Funding working capital requirements of the company
- General corporate purposes
Platinum Industries Ltd IPO Promoter Holding
| Pre Issue Share Holding | 61.57% |
| Post Issue Share Holding | 46.14% |
Platinum Industries Ltd IPO Subscription Status (Bidding Detail)
The Platinum Industries Ltd IPO is subscribed 99.03 times on 29 February 2024 05:00:00 PM. The public issue subscribed 50.99 times in the retail category, 151 times in the QIB category, and 141.83 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 151 | 141.83 | 50.99 | - | 99.03 |
Platinum Industries Ltd IPO Prospectus
Platinum Industries Ltd IPO Listing Date
| Listing Date | 5 March 2024 |
| BSE Script | 544134 |
| NSE Symbol | PLATIND |
| Listing In | BSE, NSE |
| ISIN | INE0PT501018 |
| IPO Price | ₹171 |
| Face Value | ₹10 |
Company Contact Information
Unit No 201 2nd Floor AckrutiStar MIDC Central Road AnderiE,Mumbai-400069
Phone:
Email: cs@platinumindustriesltd.com
Website: www.platinumindustriesltd.com
Platinum Industries Ltd IPO Registrar
Platinum Industries Ltd IPO Lead Manager(s)
- Unistone Capital Pvt Ltd
FAQ
What is the issue size of Platinum Industries Ltd IPO?
I have pre-applied for Platinum Industries Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.